Report: Buying a Home is Cheaper Than Renting in 66% of U.S. Counties

Buying a home can be a great long-term investment, but did you know it can also have immediate benefits?

RealtyTrac’s Buy-or-Rent report found that making monthly house payments on a three-bedroom property is more affordable than paying fair market rent on a three-bedroom home in 188 of the 285 counties analyzed (66%).

The Buy-or-Rent analysis compared the percentage of median household income that would be needed to pay the fair market rent on a three-bedroom property in that particular county to the percentage of median household income that would be needed to make monthly house payments — including mortgage, insurance and property taxes — on an average-priced home in that same county.